PALM BEACH, FLA. — Former chief executive Les Mooves is gone. So is former CFO Lawrence Tu. That could make a March 12 appearance by the President and acting CEO of CBS Corp. at the Deutsche Bank 2019 Media, Internet & Telecom Conference far more interesting than in previous years.
Joseph Ianniello will participate in a Q&A session at the event, scheduled for March 12 at 8am at The Breakers Palm Beach, the toniest lodging available in what many may consider “Bel-Air on the Beach.”
No further details were given regarding the session.
The announcement comes as CBS shares are barely treading water above the $50 mark; analysts pegged CBS stock to be a $60 value, with a 1 year target price set at $61.81.
CBS shares have failed to rebound past $54 since late November, when a $43.41 dip was logged on Christmas Eve; CBS, along with other TV companies, recorded end-of-year lows due to market forces and concerns tied to President Trump’s criticism of the press.
How did other companies fare on Wall Street today? Just look at the Wall Street Report on the homepage of RBR.com for a quick glance.